Press release
Synthetic Biology Market 2023 Biggest Innovation to Boost Global Size & Share, Growth and Future Outlook 2030 | Key Vendors are: Thermo Fisher Scientific, Merck KgaA, Agilent Technologies, Inc. And Others
Synthetic Biology
Additionally, the use of organisms and products created by synthetic biology techniques in other industries, such as the chemical and energy industries is also projected to have an impact on the market's overall growth.
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The technique of redesigning existing organisms to carry out new roles is known as synthetic biology. It entails a multidisciplinary area of study with the goal of creating new biological devices, machinery, and systems or modifying already existing natural ones. Researchers are using synthetic biology to develop novel devices, solutions, and goods that have significant and real advantages.
Key Industry Players to Employ Strategic Collaborations to Boost Profitability:
Key companies in the global synthetic biology market are employing a variety of strategies including joint ventures, mergers and acquisitions, geographic expansions, and strategic collaborations, to boost profitability. For instance, Codexis Inc. and Kalsec Inc. announced the expansion of their research partnership in July 2021 and signed a unique supply arrangement for a new enzyme to produce Kalsec's newest natural hop acid.
Leading businesses profiled in the global Synthetic Biology include:-
• Thermo Fisher Scientific
• Merck KGaA
• Agilent Technologies, Inc.
• Novozymes A/S
• Amyris
• Precigen
• GenScript
• Twist Bioscience
• Codexis
• Synthego
• Creative Enzymes
• Eurofins Scientific
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SEGMENTATION
By Application
• Pharmaceuticals & Diagnostics
• Chemicals
• Food & Agriculture
• Biofuels
• Others
Pharmaceuticals & Diagnostics Segment to Lead the Market Owing to its Ability to Provide Accurate Diagnostics:
The pharmaceuticals & diagnostics is expected to dominate the share of the global synthetic biology market considering the fact that diagnostics provide a real-time, incredibly accurate, non-invasive way for identifying cancer cells, infectious diseases, and medications.
Researchers use rational engineering techniques to build dynamic, one-of-a-kind biosensing systems that include a sensor, processor, and reporter. Glimpse Bio has developed an activity-based biosensor to detect Non-Alcoholic Steatohepatitis (NASH) early signs, assess the severity of the ailment, and assist in the development of novel treatments.
By Product
• Enzymes
• Chassis Organisms
• Oligonucleotides & Synthetic DNA
• Cloning & Sequencing
• Xeno-Nucleic Acids
• Others
By Technology
• Genome Engineering
• Bioinformatics
• Microfluidics
• Sequencing
• Measurement and Modeling
• Nanotechnology
• Others
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Growing Applications of Synthetic Biology Globally to Drive the Market Growth:
The global market for synthetic biology is growing due to the increasing applications of this technology. Numerous applications, which are expected to support market growth. Products made by utilizing synthetic biology techniques are used in a wide range of industries, including bioenergy, enzyme technology, biologically based chemicals, antibody production, and vaccine production.
Several industries employ synthetic biology to create materials and fabrics. Energy- and water-efficient textile production methods are being developed by businesses including Spiber, MacWorks, Modern Meadow, and Bolt Threads.
By Region
• North America
• Europe
• Asia-Pacific
• South America
• The Middle East and Africa
North America to Lead the Market Owing to Rising Investment for Development of Synthetic Biological Products:
A substantial percentage of the global synthetic biology market share is anticipated to be dominated by North America due to favorable legislation, governmental support, and rising funding for the development of synthetic biological products. Research in the fields of proteomics, genomic structure prediction, and medication development is prioritized heavily in the United States, which benefits the synthetic biology market.
However, due to the establishment of local start-ups and participation by top companies, particularly in the biofuel sector, as well as all of the ongoing support from the European government and private groups, the Europe region is expected to experience the highest growth rate during the forecast period of the global synthetic biology market. although the existence of numerous synthetic biology centers is promoting the field.
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Recent Industry Developments -
● December 2021- For one-step quantitative reverse transcription PCR, Codexis introduced Codex® HiTemp Reverse Transcriptase (RT-qPCR).
TABLE OF CONTENTS
Chapter 1. Executive Summary
Chapter 2. Research Methodology
Chapter 3. Market Outlook
Chapter 4. COVID-19 Impact On Synthetic Biology Market
Chapter 5. Global Synthetic Biology Market Overview, By Product, 2017 - 2030(USD Million)
Browse Complete TOC: https://www.extrapolate.com/toc/Healthcare-Medical-Devices-Biotechnology/synthetic-biology-market/25964
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